Rep. Chris Van Hollen, D-Md., and Sen. John Kerry, D-Mass., arrive for a closed-door meeting of the deficit reduction committee on Oct. 27 on Capitol Hill.

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Republican presidential candidate Herman Cain speaks on Friday while unveiling his "Opportunity Zone" economic plan in front of the Michigan Central Station, an abandoned train depot in Detroit.

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Republican presidential candidate Herman Cain campaigns on Oct. 15 in Cookeville, Tenn.

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Caterpillar products produced in Illinois, like the ones shown above, will be able to be exported to South Korea, Colombia and Panama duty free if Congress passes trade agreements with those countries on Wednesday. Obama says the agreements will provide a major boost to U.S. exports and support tens of thousands of jobs.

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Streets in Schoharie, N.Y., are lined with storm debris and damaged furniture after Tropical Storm Irene hit in late August. Like dozens of counties across the country, Schoharie faces high costs to repair its infrastructure, putting a strain on FEMA's budget.

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Ford's Michigan Assembly Plant used to produce SUVs. Now it churns out the Ford Focus, with help from a federal loan program. House Republicans are looking to cut funding for the program to offset money for disaster relief. Paul Sancya/AP hide caption

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House Speaker John Boehner (R-OH) takes questions from the media during a briefing Thursday on Capitol Hill. Alex Wong/Getty Images hide caption

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Federal Reserve Board Chairman Ben Bernanke testifies before the House Financial Services Committee in July 2010. Bernanke has been heavily criticized by Republican presidential candidates in recent months. Alex Wong/Getty Images hide caption

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President Obama shakes hands with investor Warren Buffett after presenting him with a 2010 Presidential Medal of Freedom. One part of the president's deficit-reduction plan is named after Buffett, who suggested that high-income earners like him should pay more in taxes. Carolyn Kaster/AP hide caption

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Ray Meyer researches potential employers at the library near his home in Kirkwood, Mo. He says the uncertainty of temp work is gnawing away at him. Tamara Keith/NPR hide caption

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Michael Mussio, a portfolio manager at FBB Capital Partners, says phones have been ringing more than normal in recent days. "I think the main thing is — don't panic," he says. Tamara Keith/NPR hide caption

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The National Debt Clock, a billboard-size digital display showing the increasing U.S. debt, is seen in New York City on Monday. Congress passed a bill Tuesday that would raise the nation's debt limit. Andrew Burton/Getty Images hide caption

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Justin Bock holds his daughter, Lina, at his graduation from basic training earlier this year. Bock decided to enlist in the Navy after both he and his wife, Ashley, were laid off. Courtesy of the Bocks hide caption

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